S SHAH

int ITR-2, for LTCG on sale of property, details are asked for "value of property as per stamp valuation authority". How to find the same value?
For property which is sold, is purchased in year 1990. So we have done govt. valuation for calculating index ed cost of acquisition. So same can be used as stamp valuation?


sankar ponnan
29 July 2020 at 13:58

Non deduction of tds

Sir
A Transport Co issues bills to its parties (manufacturing companies) for providing transport services for their business. In case While making the payment to transport company, they fail to deduct tds on the freight charges, there is any issue for transport company?

please guide me
thanks in adv


K.V.Krishnaswamy
29 July 2020 at 13:08

LONG TERM CAPITAL GAINS

Mr X sold his residential plot in February 2019 and had earned Long term Capital gain of Rs.60 lakhs. He avoided paying Long Term Capital Gain Tax by reinvesting the entire amount of capital gain along with his own funds by buying a second-hand flat for Rs.78 lakhs in July 2019. In case he wants to sell the reinvested flat, what is the period upto which he should hold the said flat without attracting LTCGT?


SADASIVAN THEKKEY VEETIL

Please advise me on the restrictions if any if I have to remit some
amount in the saving account in India of an NRI and applicability of tax.


Sachin Kumar
29 July 2020 at 12:57

Income Tax PAN Surrender

My father expired in February 2017. I want to surrender his PAN.
I had not filed father return of AY 2017-18.
Can AO question about non filing of return ?


Ashim kr Ray
29 July 2020 at 12:00

Principal amount for home loan

Sir,

I have taken home loan in 2019 for construction of my own house for self occupied.
I have paid principal amount 28349 and interest 81791,total-110140.
Now in FY 2019-20 of Income tax can i claim both under 80C and sec24.or i have to claim after completion of my construction.
Please suggest.


Ca Neha Jain
29 July 2020 at 10:17

Credit cards cash withdrawals

A client withdraws cash from his credit card and deposits this in his savings account. Uses this amount to meet personal expenses and also credit cards payments.

How to report this transaction in income tax returns? Will the deposit in savings account be taxed?


ravikanth
29 July 2020 at 08:56

DOLLERS FLUCTUATION

My client during the FY 19-20 has made export sales for Rs.50.00 lakhs ( CAD DOLLERS ) and received Rs.52.00 lakhs ( CAD DOLLERS ) The excess received will be added to Export Sales while calculating gross receipts u/s 44AD or offered income as dollers fluctuation.


Adhunik Enterprises

Toggle navigation Home Experts GST Dishtv recharge sale & dth service distributor Adhunik Enterprises 29 July 2020 Dear sir I'm working as a dish TV distributor in up. Recharge sale and service. I purchased @100000 lake paid company and company give (100000 lake + 5000 commission) total 105000 recharge amount in my lapu . then i sale recharge small retailer give me @1000 and I give retailer @1035 recharge amount with @35 commission. So my in Hand commission @15 So totally month recharge order @300000 lake recharge and get 315000 after sale my hand commission 4500 And service total monthly installation service company give around 35000 aprox . and I paid aprox @24000 3 service engineer (each 8000) so in hand money 11000 to service. So my question is my get return file nill or get paid . And second question is. Income text return deduct tds refund applicable or not. I'm waiting your answer.....thx u sir


Adhunik Enterprises

Dear sir
I'm working as a dish TV distributor in up. Recharge sale and service. I purchased @100000 lake paid company and company give (100000 lake + 5000 commission) total 105000 recharge amount in my lapu . then i sale recharge small retailer give me @1000 and I give retailer @1035 recharge amount with @35 commission. So my in Hand commission @15
So totally month recharge order @300000 lake recharge and get 315000 after sale my hand commission 4500
And service total monthly installation service company give around 35000 aprox . and I paid aprox @24000
3 service engineer (each 8000) so in hand money 11000 to service.

So my question is my get return file nill or get paid .

And second question is.
Income text return deduct tds refund applicable or not.

I'm waiting your answer.....thx u sir





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